Is the world economy going to collapse?

ennogs

ennogs

ennogs

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I follow somebody called Gerald Celente. Gerald is a trends forecaster. He does not deal with conspiracy theory and only deals in facts. He has a proven track record of predicting things like stock market crashes, dot com bubble, dot com burst, prime mortgage scandal etc

In this video he is predicting the imminent collapse of the Euro and then the Dollar followed by war.


So do you think he is right or has he got it totally wrong? Personally based on his track record of predicting these things and listing to other people like Gerald I think he is right.
 
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Its 2012 - I'm with the Mayans. There will be no war the earth will stop spinning and we'll all float away into space!
 
RomanNose said:
My crystal ball says no.
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Lol I knew there would be some stupid replies. I didn't expect it to be the first one.

Wow you have a cystal ball that sees the future? Well Gerald bases his opinions on things like what is going on in the world, what governments are saying, what the news media are reporting, what has happend in the past etc.
 
Celente is a fear-monger - he's been all over the place for years predicting doom and gloom. Don't get me wrong, it could happen, but he always deals in the absolute worst case scenario. The world should have ended several times by now if his predictions were to be believed.

EDIT: To clarify, he DOES know his stuff, and he's been right before.....so I definitely wouldn't write him off as a nut. Just remember he makes his trade by peddling fear.
 
ennogs said:
Personally based on his track record of predicting these things and listing to other people like Gerald I think he is right.
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Let's check his track record:

2009
"The Crash of '09 was as dramatic as the crash of '29. The New Depression had begun." (Trends Journal, Summer 2008, pg. 12)
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Didn't happen.

2010
In 2010, survivalism will go mainstream. Unemployed or fearing it, foreclosed or nearing it, pensions lost and savings gone, all sorts of folk who once believed in the system have lost their faith. Motivated not by worst-case scenario fears but by do-or-die necessity, the new non-believers, unwilling to go under or live on the streets, will devise ingenious stratagems to beat the system, get off the grid (as much as possible), and stay under the radar.
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Didn't happen.

2010
Some areas of the U.S. are experiencing resurgences in real estate values due to highly localized factors, and some investors profit from this. However, the rises will almost all stop and reverse with time, and the overall national trend in real estate values is downward. (T.J. Summer 08, pg. 8)
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Didn't happen.

2011
Ghost malls have become a common sight across America. Especially hard-hit are big chain stores (Sears, Home Depot, etc.). (T.J. Summer 08, pg. 8)
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Didn't happen.

2012
The economic policies of the U.S. government over the past few years have failed to fix America's fundamental problems and have merely papered over them and in fact made them worse.

By 2012, the "American Empire" is collapsing. In the U.S., basic staple goods like quality food and water are too expensive for most people to afford,(T.J. Summer 08, pg. 1) and "food riots" happen across the country (T.J. Summer 09, pg.1). Major American cities look like disaster zones, and mass homelessness exists across the country.

Crime is rampant, with much of it being directed at the rich. (T.J. Summer 08, pg. 1) Kidnappings and ransomings of rich people are on the rise. Average people fed up with big government, high taxes and out-of-control spending join tax revolts. (T.J. Summer 09, pg. 1)

The world is also experiencing major environmental problems and "the blackest of plagues." The global financial system has also "melted down" and the situation is very bad outside the U.S. (T.J. Summer 08, pg. 1)

The advanced industrial economies collapse first, and their sagging consumer spending drags down the export-based economies of emerging economies next.(T.J. Summer 09, pg. 2)

The economy is as bad as it was during the Great Depression in many ways. In spite of all this, the U.S. government, power elites, and mainstream media continue to insist that the fundamentals of the world economy are sound, and that official policies can lead to a recovery. A growing number of average people, however, doubt this. (T.J. Summer 08, pg. 1)
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Hasn't happened yet and I predict it won't.

(Source).
 
NathanE said:
Russia Today is a propaganda channel.
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Maybe so but Gerld himself isn't into proganda. He just says how he sees things. As I have said he has proven track record of predicting these things. He is often on various USA radio and TV channels. Not just RT.
 
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I predict that Russia will become the leading world democracy, the Ruble will be the new gold standard and after that we’re all doomed.
 
Evangelion said:
Let's check his track record:

2011
Ghost malls have become a common sight across America. Especially hard-hit are big chain stores (Sears, Home Depot, etc.). (T.J. Summer 08, pg. 8)

Didn't happen.
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Actually, that very much is true. Trust me - I live in a city that's escaped the worst of the problems and yet we have at least one "ghost mall" I can think of.
 
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